ESAB - Lincoln Electric: Welding Play Doing Really Well
2024-04-24 04:28:01 ET
Summary
- Lincoln Electric shares have seen solid gains and now trade at a substantial premium to the market.
- The company benefits from long-term megatrends favoring the business, including increased investments in infrastructure and renewables.
- Lincoln Electric recently made a bolt-on deal with RedViking, a privately held automation system integrator, to boost its automation segment.
Shares of Lincoln Electric (LECO) have seen solid gains as of recently. While I concluded that this quality business already regained a quality price at levels close to the $200 mark in September of last year, shares have seen further advancements ever since....
Lincoln Electric: Welding Play Doing Really Well